Intevac (NASDAQ:IVAC) Stock Rating Lowered by StockNews.com

Intevac (NASDAQ:IVAC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Intevac Stock Performance

IVAC stock opened at $4.39 on Friday. Intevac has a fifty-two week low of $3.07 and a fifty-two week high of $6.48. The business’s 50-day moving average is $3.83 and its two-hundred day moving average is $3.89. The company has a market cap of $116.69 million, a price-to-earnings ratio of -11.55 and a beta of 0.73.

Intevac (NASDAQ:IVAC) last posted its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%. The firm had revenue of $9.63 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IVAC. Firsthand Capital Management Inc. bought a new position in shares of Intevac in the fourth quarter worth about $25,000. SG Americas Securities LLC bought a new position in shares of Intevac in the third quarter worth about $34,000. Marquette Asset Management LLC bought a new position in shares of Intevac in the fourth quarter worth about $142,000. Aristides Capital LLC raised its stake in shares of Intevac by 44.0% in the fourth quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker’s stock worth $346,000 after buying an additional 24,462 shares during the period. Finally, Acuitas Investments LLC bought a new stake in Intevac during the 4th quarter valued at approximately $710,000. Institutional investors own 60.27% of the company’s stock.

About Intevac

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.